GAMMA Investing LLC Acquires 6,696 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

GAMMA Investing LLC grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 106.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,987 shares of the semiconductor company’s stock after acquiring an additional 6,696 shares during the quarter. GAMMA Investing LLC’s holdings in Texas Instruments were worth $2,526,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Silver Oak Securities Incorporated purchased a new position in shares of Texas Instruments during the 4th quarter valued at about $222,000. First National Advisers LLC raised its holdings in shares of Texas Instruments by 27.6% during the 4th quarter. First National Advisers LLC now owns 9,516 shares of the semiconductor company’s stock valued at $1,623,000 after buying an additional 2,059 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Texas Instruments by 16.9% during the 1st quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company’s stock valued at $175,538,000 after buying an additional 145,328 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in Texas Instruments by 5,858.6% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 646,869 shares of the semiconductor company’s stock worth $110,265,000 after purchasing an additional 636,013 shares during the period. Finally, Advisors Capital Management LLC increased its stake in Texas Instruments by 185.7% in the 1st quarter. Advisors Capital Management LLC now owns 316,421 shares of the semiconductor company’s stock worth $55,124,000 after purchasing an additional 205,676 shares during the period. Institutional investors own 84.99% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on TXN. Mizuho lifted their price target on Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Jefferies Financial Group lifted their price target on Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Susquehanna lifted their price target on Texas Instruments from $205.00 to $250.00 and gave the stock a “positive” rating in a research note on Wednesday, July 17th. Evercore ISI lifted their price target on Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Finally, KeyCorp lifted their price target on Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $198.64.

Texas Instruments Stock Down 3.0 %

Texas Instruments stock traded down $5.87 during mid-day trading on Friday, hitting $187.46. The company had a trading volume of 8,050,367 shares, compared to its average volume of 5,589,131. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The stock’s 50 day moving average price is $197.84 and its two-hundred day moving average price is $181.12. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $210.84. The company has a market capitalization of $171.16 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 4.08 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same period in the previous year, the company posted $1.87 earnings per share. The company’s revenue for the quarter was down 15.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Wednesday, July 31st. Texas Instruments’s dividend payout ratio (DPR) is 81.12%.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.